Enovis (ENOV) Form 4 Enovis / Rajiv Vinnakota ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Vinnakota Rajiv

(Last) (First) (Middle)

2711 CENTERVILLE ROAD

SUITE 400

(Street)

WILMINGTON DE 19808

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Enovis CORP [ ENOV ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
04/05/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common stock, par value $.001	04/05/2022		J(1)		968	D	$0.00	7,526	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock option (right to buy)	$86.44	04/04/2022		J(2)			849	04/04/2022	05/12/2022	Common stock, par value $.001	849	$0.00	849	D
Stock option (right to buy)	$42.43	04/04/2022		J(2)			1,396	04/04/2022	05/12/2023	Common stock, par value $.001	1,396	$0.00	1,396	D
Stock option (right to buy)	$45.47	04/04/2022		J(2)			1,735	04/04/2022	05/20/2027	Common stock, par value $.001	1,735	$0.00	1,735	D
Stock option (right to buy)	$67.42	04/04/2022		J(2)			1,246	04/04/2022	05/17/2024	Common stock, par value $.001	1,246	$0.00	1,246	D
Stock option (right to buy)	$55.31	04/04/2022		J(2)			1,559	04/04/2022	05/16/2025	Common stock, par value $.001	1,559	$0.00	1,559	D
Stock option (right to buy)	$45.04	04/04/2022		J(2)			2,004	04/04/2022	05/13/2026	Common stock, par value $.001	2,004	$0.00	2,004	D

Explanation of Responses:

1. In connection with the pro-rata spin-off distribution (the "Spin-Off") by the Company of the shares of ESAB Corporation on April 4, 2022, the outstanding Company restricted stock units held by Mr. Vinnakota (who, following the Spin-Off, will continue to serve as a director of the Company and will also serve as a director of ESAB Corporation) were converted on a 50/50 basis into Enovis and ESAB restricted stock units. The number of shares of Company common stock beneficially owned by Mr. Vinnakota that were previously reported on Form 4 have been adjusted in connection with the closing of the Spin-Off to reflect the conversion of 50% of his Company restricted stock units into ESAB restricted stock units, and have also been adjusted to reflect the impact of the 1:3 reverse stock split that was effected by the Company immediately following the Spin-Off.

2. In connection with the pro-rata spin-off distribution (the "Spin-Off") by the Company of the shares of ESAB Corporation on April 4, 2022, pursuant to the terms of the employee matters agreement between ESAB and the Company, the outstanding Company stock options held by Mr. Vinnakota (who, following the Spin-Off, will continue to serve as a director of the Company and will also serve as a director of ESAB Corporation) were converted on a 50/50 basis into Company and ESAB stock options. The number of Company stock options beneficially owned by Mr. Vinnakota and the related exercise prices that were previously reported on Form 4 have been adjusted in connection with the closing of the Spin-Off to reflect the conversion of 50% of his Company stock options into ESAB stock options, and have also been adjusted to reflect the impact of the 1:3 reverse stock split that was effected by the Company immediately following the Spin-Off.

Remarks:

	/s/ Bradley J. Tandy, Attorney-In-Fact	04/07/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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